Market Research Blog – Page 3134 – New Product Development

Ethylene Copolymers Industry Forecasts Steady Growth with 4.2% CAGR by 2033

The global ethylene copolymers industry is poised for robust growth, with an anticipated steady Compound Annual Growth Rate (CAGR) of 4.2% from 2023 to 2033. During the previous period from 2018 to 2022, the market exhibited a thriving CAGR of 3.5%, culminating in a market size of US$ 57.4 billion in 2022. Looking ahead, the market is projected to expand significantly, reaching a predicted size of US$ 89.6 billion by 2033, reflecting the industry’s resilience and potential for sustained advancement.

The global vehicle industry’s increasing need for ethylene copolymers is regarded as a key driver driving the global ethylene copolymers market. Ethylene copolymers are used to make weather stripping and seals for automobiles. These copolymers are added to motor oils as a supplement. Engine mounts, brake parts, and windshield wipers are among the products made with them.

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Another major factor driving demand for ethylene copolymers is an increase in the need for industrial rubber for use in tire manufacturing. The worldwide vehicle rubber-molded components market is expected to be revolutionised in the near future as a result of research and development operations in the automobile and automobile component sectors.

During the forecast period, demand for ethylene copolymers is expected to be driven by innovations (such as eco-friendly rubber components made from soy oil) and research labs working to develop better and more durable rubber materials (such as EPDM). The global ethylene copolymers market is expected to benefit from an increase in demand for lightweight automotive components in order to produce more fuel-efficient automobiles.

Because of its qualities, such as heat resistance, chemical reactivity, formulation flexibility, and cohesion and adhesion, demand for ethylene copolymers is gradually increasing. The packaging and automobile industries are also expected to boost the demand for ethylene copolymers. The demand for ethylene copolymers is projected to be fuelled by food packaging.

As per the ethylene copolymers market analysis, the industry is expected to increase further as customers become more mindful of waste packaging and recycling. Increased R&D initiatives for technological and equipment development, as well as creative product offerings by companies, are all contributing to the growth of the ethylene copolymer market.

The adoption of ethylene copolymers may be hampered by fluctuating raw material prices and regulatory regulations on various compounds. Nonetheless, there are chances for ethylene copolymers market players to engage in this market, given the consistent growth of the chemical processing industry and the automotive and packaging industries.

Key Takeaways:

Over the next eight years, the rise of the automobile industry in some regions, such as India and China, is predicted to drive demand for ethylene copolymers.
Due to the growing presence of significant companies in the food and beverage and consumer products industries in the United States and Canada, North America dominates the ethylene copolymers market

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Competitive Landscape:

Product launches, product approvals, and other growth initiatives such as patents and events are all being focused on by various companies. Acquisitions, as well as partnerships and collaborations, were among the ethylene copolymers market’s growth tactics. These initiatives have paved the road for market players to expand their business and client base.

The major players covered in the ethylene copolymers market report are

BASF SE, Celanese Corporation, Dow, Exxon Mobil Corporation, N SHASHIKANT & CO., Benson Polymers Limited, Dycon Chemicals, Triveni chemicals, AVH Polychem Private Limited., Sushila Parmar International Pvt. Ltd, Amatya Impex Private Limited., Jai Chemicals., Trinity Pigment Industries, Khushi Enterprises LANXESS, LyondellBasell Industries Holdings B.V, Sipchem and USI Corporation, among other domestic and global players.

The businesses are pursuing a variety of growth strategies and spending heavily in the development of technologically advanced, one-of-a-kind, and biodegradable products to change the ethylene copolymers market outlook.

Avantium N.V. was awarded a Horizon 2020 grant for 25 million euros ($28 million) to develop an innovative value chain for plant-based furan dicarboxylic acid and polyethene furonoate, which are used to make biodegradable products. The new expansion is being fueled by an increase in demand for renewable and biodegradable materials. Green polyethylene and bio-based EVA resin, for example, are guiding the chemical sector toward more sustainable innovation.

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Key Segmentation

By Application:

Hot Melt Adhesives
Asphalt Modification
Thermo Adhesive Films
Others

By Type:

Ethylene Vinyl Acetate (EVA)
Ethylene Ethyl Acrylate (EEA)
Ethylene Butyl Acrylate (EBA)
Ethylene Propylene
Other Types

By End Use:

Packaging
Building & Construction
Automotive
Textiles
Other End Users

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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Application Delivery Network Market Surges with a 10.9% CAGR, Envisioned Value of US$ 22,710.0 Million by 2033

The global application delivery network (ADN) market is forecasted to expand at 10.9% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 8,046.4 million in 2023 and US$ 22,710.0 million by 2033.

The growing importance of application delivery networks across end-user industries experiencing digital makeovers is propelling market growth. This is further supported by the increasing demand for a plethora of tasks. These tasks include load balancing, SSL encryption, complex traffic management, web application firewall, SSL VPN, etc. which have established their integral space in application delivery.

The market is also determined by the expeditious growth in the total amount of applications that are hosted in the cloud. To manage the deployment and management-related challenges that organizations are facing due to their extensive portfolio of applications, the application delivery network is gaining widespread acceptance.

The ADN market is also maneuvered by the surfacing trend of virtualization. The application delivery network plays a pivotal role for enterprises seeking employee and consumer-friendly interfaces, without compromising on security, uniformity, and control across multiple devices.

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The increasing deployment of desktop virtualization, virtualized mobile applications, and web-based applications are surging the significance of ADN, especially across IT and Telecom, BFSI, and government sectors. These sectors have accounted for the substantial amount of adoption of digitalization throughout data-centric operations.

The market, moving forward, may be inhibited by the dearth of skilled workforce and the absence of protocols and standards. Additionally, the integration of ADN and complex integrated systems into the extant systems is a challenging task that might limit the growth prospects of the market in focus.

Top Highlights from the FMI’s Analysis of the Application Delivery Network Industry:

North America application delivery networks grabbed a large share of the pie in the historical period. In 2022, the market share enjoyed by the region accounted for 27.5% of the global market.
Following the lead, Europe jumped right after North America, attaining a total of 17.4% in 2022.
Within Europe, FMI detected Germany is sharing a prominent industry share. G’rmany’s market had 10.2% of the global market’s portion in 2022.
Japan contributed 7.6% value share and Australia contributed 4.7% to the global market.
India’s market is expected to race at a CAGR of 16.7% in the coming decade. The CAGR speculated for India is projected to outpace all the other markets, globally.
China showcases a notable CAGR of 9.2% during the forecast period.
The United Kingdom is projected to register an exponential CAGR of 16.1% from 2023 to 2033.
Based on product, application security equipment gathered a market share of 27.5% in 2022.
Cloud service providers, a segment of the end-user environment, grabbed a maximum share of 55.5% in 2022.

Innovation Watch: FMI Explores the New Developments in the Market

Juniper Networks Inc, in February 2023, revealed that Green energy data centers have employed AI-driven enterprise solutions and the cloud-ready data center of Juniper. This has been done to facilitate business as well as data center operations of the latter. Many levels of physical security are present to ensure the security of these premises.
Cisco Systems Inc., in December 2022, declared that T-Mobile is going to launch a distributed and highly scalable nationwide cloud native united core gateway.

Leading Key Players:

Cisco Systems, Inc.
Citrix Systems, Inc.
Dell Inc.
Juniper Networks
Hewlett-Packard (HP)
Verizon
Oracle Corporation
A10 Networks
Symantec Corporation
Array Networks
F5 Networks
Aryaka Networks
Radware
Riverbed Technology

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Application Delivery Network Outlook by Category

By Product:

Application Delivery Controllers
WAN Optimization Controllers
Application Security Equipment
Application Gateways

By End-user Environment:

Cloud Service Providers
Telecommunication Service Providers
Other Enterprise Networks

By Deployment Type:

On-premise
Cloud

By Vertical:

Finance and Insurance
Educational Services
Arts, Entertainment, and Recreation
Public Administration
Retail Trade
Health Care and Social Assistance
Manufacturing

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
The Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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5G Technology Market Poised for Remarkable Expansion, Predicted to Reach US$ 994.8 Billion by 2033

The global demand for the 5G technology market is expected to experience a remarkable Compound Annual Growth Rate (CAGR) of 48.3%. By the year 2023, the market’s total revenue is projected to reach approximately US$ 19.3 billion. Furthermore, it is anticipated that this market will see substantial revenue growth, reaching an estimated US$ 994.8 billion by the year 2033.

A key aspect driving the demand for 5G technology is its capacity to offer new services with ultra-reliable, available, low-latency connectivity, such as remote control of key infrastructure, automobiles, and medical procedures, which can alter industries.

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The advancement of digital transformation has significantly assisted industries in updating their present operations and, as a consequence, expanding their profits throughout the years. Technological concepts like the Internet of Things (IoT), Artificial Intelligence (A.I.), and others are predicted to aid in the growth of the global 5G technology market in the coming years.

According to The GSM Association’s Mobile Economy Report 2019, the number of global IoT connections is expected to quadruple to 25 billion between 2018 and 2025, with IoT income reaching US$ 1.2 trillion., The research stated that over 700 million people were expected to enroll in mobile services by 2025, with 5G technology accounting for only 20% of the technical mix.

Certain key players see a 5G future in which remote monitoring ensures clean water, reduces food shortages, and enhances public safety by providing early warnings of floods, earthquakes, and mudslides.

Network slicing is an important tool for service providers to satisfy the various needs of businesses. The technology enables the provider to construct a dedicated virtual network based on the use case or customer service requirements. For example, the network requirements for healthcare providers are likely to be considerably different from those for smart agriculture.

It increases the security of mission-critical services. When network slices are designated for certain services, they improve dependability and simplify operations. During the IMT-2020 (5G) promotion group’s 5G trial in January 2020, a market player in China conducted 5G New Radio testing utilizing a 2.6 GHz spectrum. The company’s leading position in test completion, as well as the newly obtained findings, are likely to aid in the formation of a set of uniform global standards, allowing China to successfully complete the second phase of 5G testing.

Vendors are vying for the implementation of 5G networks, particularly in North America. The growth of 5G technology is projected to drive market suppliers to build wireless test equipment capable of properly supporting the technology. The Indian government is also trying to establish a fund for the development of 5G technology, which is expected to fuel market growth over the forecast period.

However, small cell installations face onerous regulatory, financial, and administrative requirements in many parts of the world, which is expected to delay the rollout of 5G technology. The high installation cost of tiny cell networks and the lack of security for distantly located outdoor power systems may impede the 5G technology market growth.

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Key Takeaways from the 5G Technology Market Report:

Throughout the forecast period, the United States is predicted to have a sizable share of the global 5G technology market. This is because 5G plans offer a comprehensive approach to network technologies. It is achieved by using the ability to innovate and invest while also developing government policies to support and complement those strengths.

The 5G technology market in Asia Pacific is expected to be significant throughout the forecast period, led by China and Japan. This is attributed to major parties continuing to push for the creation of a 5G plus gigabit fiber network, as well as improving multi-frequency collaboration, co-construction, and sharing.

Owing to the vital role of 5G technology in assisting governments and public organizations in making cities smart, the “smart cities” application type is expected to hold considerable revenue throughout the forecast period.

As it contributes to spectral efficiency by reducing signal loss and radio interference, the “5G RAN” technology type and is the most innovative category for key businesses and accounts for a significant percentage.

Major Key Players:

Ericsson
Deutsche Telekom AG
Nokia Networks
AT&T Inc.
Huawei Technologies Co. Ltd.
Orange S.A.
China Mobile Limited
K.T. Corporation
Qualcomm Inc.
Verizon Communications Inc.

Recent Developments:

In October 2022, HFCL Limited introduced the Radio Unit 5G 8T8R, a next-generation R.U. with a small form factor that offers digital beamforming, increased energy efficiency, and zero-touch provisioning.
In January 2021, AT&T launched its 5G+ services in many notable Tampa areas and events, including Channel District and Raymond James Stadium in the United States.

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5G Technology Market Segmentation:

By Technology Type:

5G RAN
5G NG Core
NFVI
Routing Backhaul
Optical Backhaul
Others

By Application:

Virtual & Augmented Reality
Connected Automotive
Smart Manufacturing
Connected Energy
Wireless eHealth
Connected Drones
Smart Cities
Others

By Vertical:

Manufacturing
Automotive
Energy & Utilities
Transportation & Logistics
Public Safety
Healthcare
Agriculture
Others

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

ePassport Market: Anticipates Remarkable Surge with 22.4% CAGR, Eyeing US$ 383.2 Billion by 2033

The ePassport market is projected to have a market share of US$ 383.2 billion by 2033. While it is likely to be valued at US$ 50.6 billion in 2023. The market is anticipated to grow at a strong CAGR of 22.4% from 2023 to 2033. The higher penetration of RFID chips, integrated technology, faster internet bands, and advanced adoption of the advanced technology available in the aviation center. Furthermore, the higher investment in international aviation programs is likely to flourish the demand for ePassports.

The increase in flyers and higher density in the airports are pushing authorities to increase the adoption of ePassports from the end users. Alongside this, advanced features like tracking, enhanced safety of data and information of the end users through encryption and other solutions are also flourishing the demand.

New companies introducing their bimetric, smart card, and RFID technology to give authorities options to choose from are flourishing the expanding the market growth. Also, the strong CAGR is tapped as the market goes through a transformational phase due to issues like cyber security, data protection, and theft.

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Key Takeaways from the ePassport Market Report:

The United States market leads the ePassport market in terms of market share in North America. The United States region held a market share of 10.2% by 2022. The growth in this region is attributed to the increasing awareness among the population. Moreover, increase in digitization and automation. North America also held a market share of 18.3% global share in 2022.
Germany’s ePassport market is another significant market in the European region. The market held a market share of 8.7% in 2022. The growth is attributed to the government’s adoption of advanced smart card technology. Europe held a leading global share of 37.1% in 2022.
The Indian ePassport market thrives at a CAGR of 29.9% during the forecast period. The market’s growth is attributed to leading companies investing, revised passport management, and higher digitization.
The RFID segment leads the technology-type segment as it held a market share of 78.8% in 2022. The growth is attributed to the WMS integration, higher efficiency, better counting speed, product availability, and smooth storage and distribution.
Based on the application type, the leisure travel segment leads as it held a market share of 77.9% in 2022. The growth is attributed to higher consumption.

Competitive Landscape:

The key vendors work on better technological integration, and availability of RFID, biometrics, and smart card technology in one. Companies also collaborate to expand their supply chain. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Key Players:

Gemalto N.V. (Thales)
HID Global Corporation
4G Identity Solutions Private Limited
CardLogix Corporation
Infineon Technologies AG
IDEMIA
Eastcompeace Technology Co., Ltd.
Primekey Solutions AB

Recent Market Development

IDEMIA has introduced the advanced biometric passport system that accelerates border control checks using an ePassport. The company also claims that there is faster throughput, cutting-edge security, and easy-to-authenticate documents.
Eastcompeace Technology Co., Ltd. has launched its ePassport platform with a multi-layered security proposition, and faster processing.

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Key Segments Covered:

By Technology:

RFID
Biometrics

By Application:

Business Travel
Leisure Travel

By Security:

Basic Access Control
Password Authenticated Connection Establishment
Supplemental Access Control
Extended Access Control

Key Regions Covered:

North America
Latin America
Europe
Japan
Asia Pacific Excluding Japan
The Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Rising Consumer Preferences for Innovative Packaging Solutions the Growth of Metallized Film Market | Says FMI

The metallized film market is projected to witness substantial growth, reaching a market valuation of US$ 7.2 billion by 2033, compared to its 2023 value of US$ 4.5 billion, showcasing a notable Compound Annual Growth Rate (CAGR) of 4.8%.

This upward trajectory is indicative of the increasing demand and adoption of metallized films across various industries. The market’s expansion is fueled by factors such as advancements in technology, rising consumer preferences for innovative packaging solutions, and the diverse applications of metallized films in sectors like food packaging, electronics, and automotive. The forecast underscores the sector’s potential for sustained development and market prominence.

The increasing preference for smaller, adaptable, and water-vapor-sensitive electronic devices is driving a surge in demand for films featuring metalized coatings. These films play a pivotal role by providing a vital blend of barrier properties, flexibility, and electrical characteristics essential for the evolving requirements of electronic applications. In sectors ranging from film capacitors to broader applications, the utilization of metallized films, specifically BOPP metallized films, showcases significant growth potential, becoming integral to the ever-changing landscape of electronic technologies.

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“The integration of nanotechnology into the metallized film market is nothing short of a game-changer. For manufacturers, this trend is likely to translate into a competitive edge in the market. These films’ enhanced barrier properties and durability open doors to new applications and markets. Industries that demand top-tier packaging solutions, such as electronics, pharmaceuticals, and specialty foods, are projected to be particularly drawn to these advanced metallized films.” according to a lead packaging analyst at Future Market Insights.

Key Takeaways from the Metallized Film Market

In 2022, the global metallized film market size stood at US$ 4.3 billion.
India’s metallized film industry is estimated to lead with a projected 6.1% CAGR from 2023 to 2033.
The United States metallized film industry is projected to follow closely, with an estimated 2.7% CAGR through 2033.
The United Kingdom’s metallized film industry is likely to show a 4.0% CAGR between 2023 and 2033.
China’s metallized film industry is projected to develop at a 5.5% CAGR through 2033.
In the global metallized film industry, Germany’s forecasted CAGR is 1.8% between 2023 and 2033.
Canada’s metallized film industry is likely to exhibit a 3.6% CAGR from 2023 to 2033.

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Key Players and Strategies for Success in the Metallized Film Market

Here are the key strategies that have been instrumental for success in the metallized film market:

Offering a wide range of metallized films catering to various industries and applications.
Investing in research and development for the development of advanced metallizing techniques.
Establishing a global presence through strategic partnerships, acquisitions, or setting up production facilities in key regions.
Embracing eco-friendly production processes and materials to meet the growing demand for sustainable packaging solutions.
Staying updated with evolving regulations and compliance standards related to packaging materials.

Key Players:

Amcor plc
Uflex Ltd.
Jindal Poly Films Limited
Klöckner Pentaplast Europe GmbH & Co. KG
AR Metallizing N.V.
Treofan Group
Cosmo Films Ltd.
Toray Plastics (America) Inc.
DUNMORE Corporation
SRF Limited.
FILMtech Inc.

Recent Developments in the Metallized Film Market

Cosmo Films developed a fresh, translucent thermal interlayer antimicrobial film based on BOPP in September 2020. The antimicrobial approach used in the film uses an entirely new strategy to prevent microbial development on surfaces to solve the widespread issue of bacterial infections on packaged goods.
In July 2020, Gilt Metalized, a new printable laminate film from Nobelus, was introduced. A unique thermal printed laminate film with a dazzling gold reflecting foil look is called Gilt Metalized. Graphics creators and brand owners can now make jaw-dropping spectacular effects owing to qualities that allow spot varnishes and foil-stamped items to attach to the film.

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Key Segmentations:

By Material Type:

Plastic
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Others (PA, PE)
Metal
- Aluminum
- Others (Copper, Nickel)

By Applications:

Packaging
- Bags & Pouches
- Tubes & Sachets
- Wrapping & Lidding Films
- Others
Decorating
Others

By End Use:

Food and Beverage
Pharmaceuticals
Cosmetics & Personal Care
Automotive
Electrical and Electronics
Others

By Region:

North America
Latin America
Eastern Europe
Western Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

MEMS Oscillator Market Anticipated to grow at 9.8% of Massive CAGR by 2034

According to a Future Market Insights (FMI) report, the MEMS Oscillators Market would reach a value of US$ 9800 Million by 2033. From 2023 to 2033, a CAGR of 34.2% is anticipated. By 2023, the industry is set to reach US$ 518 million.

It is projected that demand for micro-electro-mechanical systems (MEMS) oscillators would increase significantly across a number of industries. Miniaturization efforts are intensifying in the mobile and consumer electronics industries.

MEMS oscillators are increasingly being used in mobile devices, wearable technology, and internet of things (IoT) applications. Due to their small size and suitability for designs with limited space, modern consumers are likely to favor these solutions.

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Another important factor influencing the rising demand for MEMS oscillators is the automotive sector. Highly precise timing components are required in vehicles for the installation of advanced driving assistance systems (ADAS), entertainment systems, and in-vehicle networking.

Growth is anticipated to be boosted by critical need for greater dependability and precision to enable flawless synchronization and communication within automotive systems. These oscillators are particularly in demand from the automotive sector, which needs equipment that can resist challenging environmental conditions.

Extremes in temperature and the mechanical stress that cars are frequently subjected to are a few examples of such circumstances.

There is an urgent demand for smaller, more cost-effective, and energy-efficient solutions due to the widespread use of smartphones, tablets, and wearable technology. A convincing substitute for conventional quartz crystal oscillators is set to be offered by MEMS oscillators. Needs of mobile and consumer electronics makers will be aligned by decreased power consumption, increased dependability, and the necessity for shrinking.

Key Takeaways:

The global MEMS oscillator industry exhibited a CAGR of 45.5% during the historical period from 2017 to 2022.
The United States MEMS oscillator industry is expected to be worth US$ 2.3 billion by 2032.
The United Kingdom MEMS oscillator industry is likely to create an incremental opportunity of US$ 365.0 million in the evaluation period.
China MEMS oscillator industry is predicted to exceed a valuation of US$ 4.0 billion by 2032.
The surface mount device package segment by packing type witnessed a CAGR of 45.0% from 2017 to 2021.

Competitive Landscape:

Given the critical nature of timing in various applications, MEMS oscillator manufacturers prioritize quality, reliability, and compliance with industry standards. Trends have been seen of investments in robust quality control processes, rigorous testing, and certifications to ensure their products meet or exceed customer expectations. This strategy can help to build trust & confidence among customers and establish their reputation as reliable suppliers.

To leverage complementary strengths and access new technologies, MEMS oscillator firms might form strategic partnerships and collaborations. They can collaborate with other companies, research institutions, or industry associations.

They would aim to drive innovation, explore new markets, and develop advanced solutions. Such partnerships can enhance their capabilities, broaden their product portfolios, and foster technological advancements.

For instance,

Based on its superior MEMS technology, SiTime Corporation unveiled a new line of automotive oscillators in September 2022. Ten times more durable than earlier variants are these new differential oscillators. They can also guarantee ADAS dependability in adverse weather and driving situations.

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Key Players in the MEMS Oscillators Industry:

Cardinal Health, Inc.
Maxim Integrated Products, Inc.
Microchip Technology, Inc.
CTS Corporation
Diodes, Inc.

MEMS Oscillators Industry Segmentation Analysis:

By Packaging:

Surface-Mount Device Package
Chip-Scale Package

By Band:

By General Circuitry:

SPMO
VCMO
DCMO
TCMO
FSMO
SSMO

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:

The USA hydrogen electrolyzer market size is projected to expand at a CAGR of 23.8% from 2023 to 2033. It is anticipated to reach a valuation of about US$ 790.8 Million by 2033.

The United Kingdom photovoltaic mounting system market will witness an increase from US$ 730.9 Million in 2023 to US$ 1,643.8 Million by 2033, growing at a CAGR of 8.4%.

The air filters market size is projected to be valued at US$ 30.33 Billion by 2033, growing at a significant CAGR of 6.26% during the forecast period.

Security Labels Market Surges with Projected 5.3% CAGR, Anticipating US$ 52.2 Billion by 2033

The Security labels market value is expected to exceed US$ 31.0 billion in 2023, according to Future Market Insights (FMI). It is expected to grow at a CAGR of 5.3% from 2023 to 2033. The market is estimated at US$ 52.2 billion by 2033.

According to a survey of brand owners conducted by FMI, more than one-third of brand owners globally are likely to use barcode labels for their products in 2023, as opposed to all other types.

As a result of the application-specific study, boxes, and cartons are expected to hold a maximum share of 47.2% by 2023 and 51% by 2033. Increased safety measures taken by globally renowned consumer goods manufacturers are responsible for the burgeoning growth in demand for security labels for boxes & cartons.

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A further indication of this is the increased investment in technology made by packaging manufacturers. Security label manufacturers compete fiercely in the market, so they strive constantly to improve their current offerings.

This factor and government regulations to combat counterfeiting and theft provide growth opportunities for security labels. Smart labels are replacing conventional barcodes as a trend in the security labels market.

Although smart labels offer advanced technology and ease of use, the absence of constant standards limits their growth. In addition to their premium quality, minimal weight, and recyclability, security labels are appealing to various end-use industries, such as food and beverage and pharmaceutical. With the digital printing of security labels, global security labels have an additional advantage over their competitors because they attract end-use industries and increase market value.

“Growing demand for packaged goods has driven the growth of the food and beverage industry, resulting in a rise in security labels market demand Moreover, increasing manufacturing activities, the growth of the electronic industry, the pharmaceutical industry, and the growth of pharmaceuticals also contribute to the growth of the security labels market.” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Key Takeaways from Security Labels Market Report:

The security labels market is expected to grow at a CAGR of 4.3% over the forecast period.
During the forecast period, the North American security labels market is expected to remain relatively strong. In 2023, the North American security labels market is estimated to be worth US$ 11.4 billion, and by 2033 it is expected to reach US$ 21.6 billion.
Global sales of barcodes are estimated to witness growth at a CAGR of 4.4%.
Sales of void labels are predicted to grow by US$ 7.3 billion over the forecasted period with a CAGR of 4.3%.
By 2033, security label sales in Germany may reach US$ 3.6 billion and witness remarkable growth, reaching US$ 1.1 billion in 2023.

Key Players:

3M Company
Avery Dennison Corporation
CCL Industries Inc.
Zebra Technologies Corporation
Brady Corporation
UPM Raflatac
Covectra, Inc.
Honeywell International Inc.
tesa SE
Mega Fortris Group
Sato Holdings Corporation
Muehlbauer Holding AG
Invengo Technology Pte. Ltd
Smartrac Group
Thinfilm Electronics AS

Recent Developments:

The company acquired International Master Product Corporation in January 2022, a tag and label manufacturer based in Michigan, U.S.
In September 2021, Digital Security Labels (DSLs) are being introduced by U-Nica, a Swiss company specializing in digital trademark protection. DSLs offer brand owners a cost-effective method of protecting and tracing their products. Aside from interacting with the product and packaging, DSL allows uninterrupted manufacturing through the use of three major components: ScryptoTRACE, serialization, and PixelCloud.
In February 2022, Avery Dennison Corporation launched the first vegan label collection containing no animal parts. The company has developed vegan alternatives for a wide range of industries.

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Security Labels Market Segmentation by Category

By Product Type:

Barcode
Holographic Labels
Radio Frequency Identification (RFIDs)
Electronic Article Surveillance (EAS)
Near Field Communication (NFC)
Others (QR codes, etc.)

By Material Type:

Plastic
- Polyester
- Vinyl
- PP
- Others
Foam (EPS)
Foil
Paper

By Pattern Type:

VOID
Checkboard
Destructible
Other Customized Patterns

By Application:

Bottles & Jars
Boxes & Cartons
Bags & Pouches
Other Containers (IBCs, Drum, etc.)

By End-use Industry:

Food & Beverage Industry
Healthcare & Pharmaceutical Industry
Chemicals & Fertilizers Industry
Electrical & Electronics Industry
Personal Care & Cosmetics Industry
Others (Homecare, etc.)

By Region:

North America
Latin America
Europe
The Middle East and Africa
East Asia

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Industrial Agitators Market Surges Toward a US$ 5.6 Billion Valuation by 2033, Propelled by 9% CAGR Growth

The global industrial agitators market is expected to be worth US$ 2.3 billion in 2023 and to grow at a CAGR of 9% to reach a net worth of US$ 5.6 billion by the end of 2033. Industrial mixers and agitators are primarily employed in the chemical industry to stimulate chemical reactions via heat transfer via the motion that they generate.

A surge in demand for wastewater treatment is also predicted to benefit industrial agitator sales. As the world’s population grows, so does the demand for clean water, which is predicted to fuel the increasing demand for wastewater treatment services and solutions. In the future years, there will be a significant increase in demand for reliable and customized industrial agitators.

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The North American industrial agitators market dominates the worldwide market. Aspects including high product penetration, rising need and the extent of usage for advanced technologies, the creation of chemical manufacturing facilities, and so on may all be attributable to the increase in demand.

Over the projection period, East Asia, South Asia, and the Pacific are likely to offer profitable potential for industrial agitator sales. High industrial activity, the creation of new industrial facilities, a thriving manufacturing sector supported by supporting government measures, and other factors are projected to promote industrial agitator use in these regions. India and China are important countries to keep an eye on in these regions.

Key Takeaways from the Market Study

The market has grown at an 8% CAGR over the last five years.
The United States Global Industrial Agitators Market is anticipated to increase by 8.5% year on year in 2023.
The Indian market is expected to increase at a CAGR of 9% between 2023 and 2033.
The North American industrial agitators market leads the worldwide landscape with a 32% market share.
Sales of industrial agitators are estimated to account for 2% of worldwide industrial equipment market revenue.

Leading Key Players:

Xylem Inc.
Silverson Machines Ltd.
Dynamix Agitators Inc.
EKATO HOLDING GmbH
Philadelphia Mixing Solutions Ltd.
Tacmina Corporation
SPX FLOW Inc.
Sulzer Ltd
Statiflo International Ltd.
MIXEL Agitators
Mixer Direct Inc.
Alfa Laval AB.

Competitive Landscape

Key industrial agitator manufacturers are working on creating long-lasting and creative solutions to fulfil the changing needs of end-use industries.

SPX Flow announced the September 2022 introduction of their new APV Flex-Mix™ Pilot Mixer, which will enable food and beverage industries to test small-scale pilot batches of low to elevated viscosity item samples with a single unit.
On December 8, 2022, GMM Pfaudler Ltd planned to purchase Mixel France SAS and an entirely-owned affiliate Mixel Agitator Co. Ltd. (collectively “Mixel”) through its completely an owned division Pfaudler GmbH.

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Valuable Insights:

Future Market Insights, in its new offering, presents an unbiased analysis of the global Industrial Agitators market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.

The study reveals essential insights By Type (Top Entry Industrial Agitators, Side Entry Industrial Agitators, Bottom Entry Industrial Agitators), Model (Large Tank Agitators, Drum Agitators, Portable Agitators, Tote Agitators), End User (Chemicals, Pharmaceuticals, Food and Beverages, Paper and Pulp, Waste and Wastewater Treatment, Oil, Gas and Petrochemicals) & Region.

Key Segments of Industrial Agitators Industry Survey

By Type:

Top Entry Industrial Agitators
Side Entry Industrial Agitators
Bottom Entry Industrial Agitators

By Model:

Large Tank Agitators
Drum Agitators
Portable Agitators
Tote Agitators

By End-User:

Chemicals
Pharmaceuticals
Food and Beverages
Paper and Pulp
Waste and Wastewater Treatment
Oil, Gas, and Petrochemicals

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
Middle East & Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Encoder Market on the Brink of Expansion: Forecasted to Reach US$ 4.8 Billion by 2033

The global encoder market is projected to grow at a rate of 7.6% over the coming years. It’s anticipated that the revenue generated from encoder sales will reach approximately US$ 2.3 billion in 2023 and is expected to increase to around US$ 4.8 billion by 2033.

The encoder market is expanding as a result of the rising demand for encoders from a variety of end-use industries. Including the automotive, electronics, textile, and printing machines sectors. The market expansion for encoders is being fueled by the increased awareness of safety and security measures.

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Rising Interest in Robotics and Automation

The encoder market is primarily driven by the growing use of automation and robotics in a variety of industries. For these systems to function smoothly and efficiently, encoders are crucial parts that provide exact and accurate data on location, speed, and direction.

Modernization of Industrial and Manufacturing Processes

Industries including manufacturing, automotive, and aerospace are always looking for ways to streamline their operations and increase efficiency. For optimization, mistake detection, and quality control in various operations. Encoders are essential for monitoring and managing motion. This factor surges the encoder market growth.

Machine Learning and Artificial Intelligence Integration

Encoders give enormous opportunities when used with artificial intelligence and machine learning technology. Predictive maintenance, anomaly detection, and machine performance optimization are all made possible by AI-powered encoders’ ability to analyze and interpret data in real-time.

Penetration of Developing Nations

Encoder demand is rising across a variety of industries as emerging nations continue to advance and industrialize. Encoder manufacturers have a lot of opportunities to enter new markets thanks to the growth of the infrastructure, manufacturing, and energy sectors in these areas.

Growth in the Aerospace and Defence Industries

Encoders are needed for a variety of applications in the aerospace and defense sectors, such as satellite location, missile guidance systems, and aircraft navigation. These industries are seeing an increase in investment, which presents the potential for encoders with improved precision, dependability, and durability.

Environmental Difficulties

Encoders are frequently subjected to challenging conditions such as high temperatures, humidity, dust, and vibrations. These circumstances may affect the encoders’ functionality and durability, resulting in reliability difficulties and higher maintenance needs. Manufacturers may be constrained by the difficulty of creating encoders that can endure such harsh conditions.

High Initial Outlay

Encoders can be expensive up front, particularly high-precision and sophisticated types. Cost-conscious consumers or industries with limited resources may be put off by this expense, which prevents their adoption and market expansion.

Regional Dynamics in the Global Encoder Industry

Due to the existence of well-established businesses including manufacturing, automotive, aerospace, and robotics, North America is a mature market. Due to the use of automation and continued technical improvements, the region receives steady demand. The development of driverless vehicles, healthcare applications, and the presence of significant encoder producers all support market growth.

Due to the increase in manufacturing operations, industrial automation, and the existence of emerging economies, the Asia Pacific region is a market that is quickly expanding. Strong electronics, automotive, and robotics industries in nations like China, Japan, and South Korea are significant market growth contributors. The demand for encoders is increased by rising infrastructure development and smart city initiatives.

Key Takeaways from the Encoder Market Report:

North American encoder market to acquire a market share of 26.9% from 2023 to 2033.
European encoder business to grab a market share of 19.7% between 2023 and 2033.
The United Kingdom’s encoder business registered a CAGR of 6.8% during the forecast period.
India’s encoder industry to expand at a CAGR of 7.9% between 2023 and 2033.
China’s encoder industry to record a CAGR of 8.4% from 2023 to 2033.
Absolute encoder segment by product category to hold a market share of 58.3% during the forecast period.
Absolute rotary encoder segment by position signal category to hold a market share of 55.2% during the forecast period.

Competitive Landscape:

The encoder market is dominated by numerous encoder manufacturers, including Omron Corporation, Honeywell, Heidenhain GmbH, Baumer Group, and Posital Fraba Inc. The ability to create high volumes of encoders, a crucial component in ensuring improved profits and economies of scale in the sensor business, is provided by the companies’ advantage of a sizable customer base.

Strong brands are associated with high performance; established encoder manufacturers are anticipated to have an advantage. The level of competitive rivalry can likely remain strong due to their market dominance and capacity to provide cutting-edge items.

Key Players:

OMRON Corporation
Baumer Electric AG
Schneider Electric
Panasonic Corporation
Renishaw plc
Honeywell International, Inc.
Rockwell Automation, Inc.
Dynapar
Fraba B.V.
Wachendorff Automation GmbH & Co. KG
Fenac Engineering
Heidenhain Corporation
Mitutoyo Corporation
TE Connectivity
BEI Sensors

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Encoder Industry Segmentation:

By Type:

Linear Encoders
Rotary Encoders

By Position Signal:

Absolute Encoders
Incremental Encoders

By Sensing Technology:

Optical Sensing Encoders
Magnetic Sensing Encoders
Capacitive Encoders
Inductive Encoders

By Application:

Automotive
Consumer Electronics
Aerospace & Defense
Healthcare & Medical Devices
Industrial
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia and the Pacific
The Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Loudspeaker Market Roars Ahead: Expected CAGR of 7.1% Propels Sector Towards US$ 5,639.1 Million by 2032

The global loudspeaker market value was around US$ 3.73 billion in 2022. It is expected to grow to approximately US$ 5.64 billion by 2032. This growth is at a steady annual rate of 7.1% from 2022 to 2032.

Loudspeakers are being increasingly used to facilitate aural communication; as the frequency of conferences, and seminars has increased manifold in the last few years. Also, these loudspeakers fall in the category of in-wall, compact-size loudspeakers. They are frugal and have a level-headed sound range. Restaurants and cafes are well-identified with these loudspeakers.

Soundbars are the least obtrusive way of getting sound as impactful as premium pictures on TV. They can offer the ability to stream audio from almost any phone without needing to carve out tower speakers or receivers and surrounding sound.

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Wireless speakers are in good demand due to the proliferation of Wi-Fi-enabled mobile devices like laptops, smartphones, and tablets. Power consumption regarding loudspeakers ranges between 210 and 100 W, including broad variations due to speaker sensitivity, audio volume, and amplifier volume. Future Market Insights has mentioned these facts with future prospects in its latest market study entitled ‘Loudspeaker Market’.

Key Takeaways from Loudspeaker Market Report:

Europe holds the largest market share due to additional spending on at-home entertainment. The scenario is expected to persist even going forward.
North America stands second with the growing popularity of at-home entertainment. Also, more end-consumers are found to be having an ear for music herein.
The Asia-Pacific is expected to witness a remarkable growth in the loudspeaker market in the near future with the middle-class population getting more inclined towards loud music.
Smart speakers like Google Nest and Amazon Echo ought to witness a great demand overall. However, they are likely to get countered by Chinese vendors like Alibaba, Baidu, and Xiaomi.

Competitive Loudspeakers:

September 2021 witnessed an influx of the Bose Smart Soundbar 900 in the US. It is equipped with AirPlay 2 with the ability to play music in wireless mode in numerous rooms. It’s actually marketed in the form of a successor to the Bose Smart Soundbar 700. The ‘900’ version is compatible with Google Assistant and Amazon’s Alexa.
Mclaren, in March 2021, announced that it would be launching 4 novel models in India in June 2021 – the 720S Coupe, the GT, Artura, and Spider. These vehicles are bound to encompass 12-speaker Bowers & Wilkins sound system as an outcome of partnership between McLaren and Bowers & Wilkins.
JBL, in January 2021, did release JBL Bar 5.0 MultiBeam, which, in turn, doles render spacious 3D surround sound experience combining with Virtual Colby Atmos.
Sonos, in May 2020, did launch Dolby Atmos and Voice Assistant-Equipped Arc Soundbar. This 5.0-channel surround sound has 3 angled tweeters and 8 woofers. With rising demand for smart homes, this soundbar is expected to go great guns in the forecast period.
Bowers & Wilkins, in August 2021, did announce the 4^th generation of the flagship 800 series Diamond series, termed as ‘D4’. Every 800 Series Diamond speaker has a lab-grown diamond-dome tweeter. Diamond is known for its unique stiff-to-weight ratio. This renders it an optimum speaker material.
Cerwin-Vega Inc., in June 2020, acquired Gibson Corporation’s Home Audio and Cerwin-Vega Pro brand. The basic objective is that of strengthening the foothold in home audio and professional category.
JBL, in 2020, did release Clip 4 and Go 3 tiny Bluetooth speakers with upgradations in features and designs as compared to predecessors like IP67 water and dust-proofing capabilities, with the objective of addressing demand for technologically advanced gadgets.

Leading Key Players:

Bose Corporation
Harman International
Yamaha Corporation
Klipsch Group
LG Electronics Inc.
Sony Corporation
Logitech International S.A
Panasonic Corporation
Sound United LLC
Creative Technology Ltd.
Bowers & Wilkins

What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on the loudspeaker market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on deployment (indoor and outdoor), by speaker design (with diaphragm and without diaphragm), and by type (soundbars, home theatre arrays, multimedia systems, portable loudspeakers, stereo systems, and likewise).

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Loudspeaker Market Segmentation:

By Deployment:

Indoor
Outdoor

By Speaker Design:

With Diaphragm
Without Diaphragm

By Type:

Soundbars
Home Theatre Arrays
Multimedia Systems
Portable Loudspeakers
Stereo Systems
Others

By Region:

North America
Latin America
Asia Pacific
Europe
Middle East and Africa (MEA)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani